SOP Stop
SMA based credit spreads that employ trailing stops and end of day close at 50%.
Summary
Simplest Option trade -- bullish put spread on SPY, TLT, EFA based on favorable SMA conditions. I've set a stop at 55% trailing 5%. To avoid off hours movement ruining a good thing, an event will close the trade regardless of the trailing stop at the end of the day if I'm at 50% profit (or is 2 DTE).
Related
Options Level
Level II StrategyEstimated Duration
~40 days on avgComplexity Level
BeginnerPrimary Strategy
Put Credit SpreadAutomation Types
5 automationsExpected Frequency
~3 positions per monthTemplate Creator
@davem68872